Sparta Commercial Services, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2021
March 22, 2021 at 08:39 pm
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Sparta Commercial Services, Inc. announced earnings results for the third quarter ended January 31, 2021. For the third quarter, the company announced total revenue was USD 53,473 compared to USD 72,281 a year ago. Operating loss was USD 183,438 compared to USD 247,678 a year ago. Net loss was USD 120,808 compared to USD 86,036 a year ago. For the nine months, total revenue was USD 195,027 compared to USD 252,298 a year ago. Operating loss was USD 1.021 million compared to USD 603,404 a year ago. Net loss was USD 2.506 million compared to USD 960,961 a year ago.
Sparta Commercial Services, Inc. operates across three business sectors, including financial services, e-commerce and mobile technology, and health and wellness. The Company provides retail installment loans and leases through authorized motorcycle dealerships. It also creates and maintains a full underwriting and servicing platform for its portfolio. It is available online and at a range of various dealership websites and showrooms, including Cyclechex, RVchex, and Truckchex. With iMobile App, the Company provides mobile technology services, including Web and mobile application creation, development and management for a range of businesses to increase revenue, build brand recognition, and improve customer engagement. It also offers an online B to C Website: www.newworldhealthbrands.com, featuring dietary supplements, including vitamins and minerals, such as, Iodine for children and adults, Boron, copper/Zinc/Selenium, Magnesium, Spermidine, Vitamin B Complex, Vitamin C, and PQQ.
SPARTA COMMERCIAL SERVICES, INC. 
